Hong Kong launches a Silver Bond with generous payouts to protect senior citizens’ investments amid recession

Hong Kong’s government has launched a special bond with the most generous payout in years for senior citizens, as it extends a financial lifeline to one of the world’s fastest greying population amid the city’s worst recession on record.A Silver Bond will go on sale at 9am on December 1, guaranteed to receive 3.5 per cent in annual interest, payable twice a year, according to the Hong Kong Monetary Authority (HKMA), the city’s de facto central bank. The interest is 50 basis points higher than…

Read the original article at South China Morning Post